Quebecor, Inc. (QBR.B) Given Average Rating of “Buy” by Analysts
Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the company. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$43.14.
Several research analysts recently weighed in on QBR.B shares. Desjardins boosted their target price on shares of Quebecor from C$44.00 to C$45.00 in a research note on Thursday, August 11th. CIBC lifted their price target on Quebecor from C$40.00 to C$41.00 in a report on Saturday, August 6th. TD Securities cut Quebecor from an “action list buy” rating to a “buy” rating and set a C$46.00 price target for the company. in a report on Tuesday, July 12th. Barclays PLC lifted their price target on Quebecor from C$42.00 to C$45.00 and gave the company an “overweight” rating in a report on Saturday, August 6th. Finally, Scotiabank restated a “focus stock” rating and issued a C$47.00 price target on shares of Quebecor in a report on Monday, August 8th.
Quebecor Inc is a holding company that holds interests in Quebecor Media Inc (Quebecor Media). The Company operates in the industry segments, including Telecommunications, Media, and Sports and Entertainment. The Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services in Canada, and is engaged in the rental of movies, televisual products and video games.
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